Funding you earn now, next payment 03:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h +0.063%
Price spread now: Deribit against tradeXYZ+0.017%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)+0.091%+$9 on $10k
+Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.017%, 7d avg +0.051%
=Together, before fees+0.158%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.051%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.091% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.091% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SILVER | 66.179 | 0.0090 | pay 0.0011% / 1h | 48m 34s | $165.7M | $74.7M | 25x |
| Short | Deribit SILVER_USDC-PERPETUAL | 66.190 | 0.0355 | get 0.0044% / 1h | 48m 34s | $50K | $326K | 20x |
tradeXYZ xyz:SILVER
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.68
- Price spread: +0.017% → +0.051%
- −$3.46
- Slippage, 4 orders
- −$5.59
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $21.63
- Costs to cover
- 0.306%
- Break-even
- 4.3 days
Slippage from tradeXYZ: live order book, 11 min ago; Deribit: live order book, 15 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 11 min ago | 0.38 bp | 9.6 bp −$10 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 15 min ago | 0.75 bp | 4.3 bp −$4 | 5.9 bp −$59 | doesn't fit | doesn't fit |
XAG on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0008% | 1h | 66.176 | −0.005% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.178 | −0.001% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.250 | +0.107% | $151.4M | $161.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.220 | +0.062% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.280 | +0.153% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.230 | +0.077% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.144 | −0.053% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.211 | +0.048% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.160 | −0.028% | $5.3M | $12.1M | 10x | as long as short |
| Ondo Perps XAG-USD.P | +0.0033% | 1h | 66.110 | −0.104% | $5.7M | $9.7M | 25x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Ondo Perps XAG-USD.PShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.334% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.250 | +0.107% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.668 | +0.739% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.200 | +0.032% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.141 | −0.057% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.240 | +0.092% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.189 | +0.015% | $546K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.206 | +0.041% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0090% | 1h | 66.179 | long leg | $165.7M | $74.7M | 25x | |
| Pacifica XAG | +0.0100% | 1h | 66.180 | +0.002% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.170 | −0.014% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.228% | $113K | $30K | 50x | as long as short |
| Aster XAGUSDT | +0.0136% | 4h | 66.218 | +0.058% | $2.7M | $916K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0136% | 8h | 66.227 | +0.072% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0142% | 4h | 66.250 | +0.107% | $26.7M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.212 | +0.050% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.210 | +0.046% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.095% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.235 | +0.084% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.230 | +0.077% | $110.5M | $151.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0190% | 4h | 66.230 | +0.077% | $191.8M | $705.9M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.258% | $1.9M | $972K | 20x | as long as short |
| edgeX XAGUSDC | +0.0201% | 4h | 66.366 | +0.283% | $673K | $314K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.230 | +0.077% | $27.8M | $65.6M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.247 | +0.103% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0239% | 1h | 66.188 | +0.013% | $1.3M | $6.6M | 10x | as long as short |
| Bitget XAGUSDT | +0.0252% | 4h | 66.230 | +0.077% | $23.9M | $46.1M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0256% | 1h | 66.199 | +0.030% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0263% | 1h | 66.226 | +0.071% | $46K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0278% | 4h | 66.277 | +0.148% | $400K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0331% / S −0.0342% | 1h | 66.215 | +0.054% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0355% | 1h | 66.190 | +0.017% | $50K | $326K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.171 | −0.011% | $763K | $475K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
Bitget XAGUSDT
Hibachi XAG/USDT-P
Bullet SILVER-USD
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD